Michael McGrath, the Minister for Finance, is bringing a memo to cabinet this week about setting up a new long-term national reserve fund to hold the corporation tax windfall.
He is going to ask ministers at the cabinet meeting on Tuesday for approval to publish a policy paper on the new long-term fund which will be used to pay for the higher pension, health costs and homecare costs of a rapidly ageing population.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: